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Peabody 01960 West Peabody
8 Hugh Ter
$598,888
● House - Off Market

8 Hugh Ter

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,080 Ft²
$888,110
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Back on market due to buyers' plans changing on a home purchase.  Good Fortune awaits you! Rare opportunity offering room for your extended family. WEST PEABODY Beautiful 3/4 bedroom 2 bath Ranch w/ 2 Car Attached Garage 2 story Addition including city approved Family Accessory Living Area Unit above garage accessed by special riser staircase & ELEVATOR LIFT.  LED lighting through most of home including outdoors. New fridge, dishwasher, washer dryer. Partially finished lower level w/ open floor plan.Two newer central air units. Newer Hybrid Electric hot water heater. 4 Zone hot water boiler. Updated front, rear decks & 12 X10 Custom storage shed.  New side driveway & versa block retaining wall by INLAW.  Front yard recently raised includes 5 ft. farmers retaining wall. Soon to be blooming are 25 perennial shrubs, flowers & greenery.
Unit Size
3,080 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$194
Property Type
House
Property Taxes
$493
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #72302913)

Price History

Date / Event Date Event Price
May 25, 2018 Sold
Premium
Sold
Apr 4, 2018 Listed by RE/MAX Advantage Real Estate $598,888
Listed by RE/MAX Advantage Real Estate
Apr 27, 2012 Sold
Premium
Sold
Nov 17, 2011 Listed by RE/MAX Advantage Real Estate $419,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,562
  • Total Building Area: 2,615
  • Gross Building Area: 2,615
  • Building Area: 2,615
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,615
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000380
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Peabody School District
  • School Tax School District: PEABODY SD
  • Census Tract: 210100

Zoning

  • Zoning: R1

Geography

  • Account Number: 2705
  • Parcel: PEAB M:0017 B:0093
  • Block: 93
  • Municipality: PEABODY
  • Latitude: 42.5561
  • Longitude: -70.9968

    Address

  • Full Address: 8 Hugh Ter
  • Address - House Number: 8
  • Address - Street Name: Hugh
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C035
  • 4-Digit Zip Code: 1220
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $697,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 921,242
  • High Value: 1,066,757
  • Low Value: 775,728

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $764,900
  • Assessed Land Value: $320,200
  • Assessed Improvements Value: $444,700

    Sales

  • Current Sale Recording Date: May 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180525004400
  • Previous Sale Recording Date: Apr 27, 2012
  • Previous Sale Amount: $405,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About West Peabody

Stats & Trends

Median Asking:

$737,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2125 ft²

Average Home Age

52.2 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72302913

Frequently Asked Questions

When was property at 8 Hugh Terrace built and last sold?
The property at 8 Hugh Terrace was built in 1960 and last sold on Jan 1, 1970 for $598,888.
How much is this home worth?
The estimated value of the home located at 8 Hugh Terrace is $630,895.
What are some comparable homes to 8 Hugh Terrace?
There are currently no comparable homes to 8 Hugh Terrace.
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